Six Flags Entertainment Corp Forecasted to Earn Q1 2019 Earnings of ($0.71) Per Share (SIX)

Six Flags Entertainment Corp (NYSE:SIX) – KeyCorp issued their Q1 2019 earnings estimates for Six Flags Entertainment in a report issued on Wednesday, January 9th. KeyCorp analyst B. Andress forecasts that the company will earn ($0.71) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $69.00 target price on the stock. KeyCorp also issued estimates for Six Flags Entertainment’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $2.13 EPS and Q4 2019 earnings at $0.40 EPS.

A number of other analysts have also issued reports on SIX. Zacks Investment Research lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Oppenheimer set a $80.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a report on Wednesday, October 24th. ValuEngine lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. SunTrust Banks lowered their target price on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Finally, Wedbush set a $55.00 target price on Six Flags Entertainment and gave the company a “hold” rating in a report on Thursday, October 25th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $68.78.

SIX opened at $61.96 on Friday. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 29.09 and a beta of 1.24. Six Flags Entertainment has a 12-month low of $49.79 and a 12-month high of $73.38.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 EPS for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.16). The company had revenue of $619.82 million for the quarter, compared to analyst estimates of $633.03 million. Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%.

Hedge funds have recently made changes to their positions in the business. Capital World Investors bought a new stake in shares of Six Flags Entertainment in the 3rd quarter worth approximately $167,568,000. Sei Investments Co. lifted its position in shares of Six Flags Entertainment by 43.9% in the 2nd quarter. Sei Investments Co. now owns 10,529 shares of the company’s stock worth $737,000 after acquiring an additional 3,211 shares during the period. Deutsche Bank AG lifted its position in shares of Six Flags Entertainment by 120.8% in the 3rd quarter. Deutsche Bank AG now owns 293,781 shares of the company’s stock worth $20,510,000 after acquiring an additional 160,714 shares during the period. Visionary Asset Management Inc. lifted its position in shares of Six Flags Entertainment by 19.6% in the 3rd quarter. Visionary Asset Management Inc. now owns 6,692 shares of the company’s stock worth $467,000 after acquiring an additional 1,098 shares during the period. Finally, Investment House LLC lifted its position in shares of Six Flags Entertainment by 1.4% in the 3rd quarter. Investment House LLC now owns 122,717 shares of the company’s stock worth $8,568,000 after acquiring an additional 1,740 shares during the period. Institutional investors own 96.14% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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